Re: Penang - minimum property prices
Originally Posted by Macsta
(Post 12307713)
I guess its a trade off, Penang seems very expat orientated so for that extra price you get more amenities
The main draw of Penang is of cause the beach and the shopping facilities that match almost KL. Food? Sure, Penang is great, but I don´t miss any of my food court favourites here :) |
Re: Penang - minimum property prices
Originally Posted by eCdD
(Post 12308364)
The main draw of Penang is of cause the beach and the shopping facilities that match almost KL. Food? Sure, Penang is great, but I don´t miss any of my food court favourites here :)
|
Re: Penang - minimum property prices
Originally Posted by bakedbean
(Post 12308398)
What beach ?
|
Re: Penang - minimum property prices
No beach near me.
Langkawi good for beaches. I believe east coast of peninsula also good for beaches. |
Re: Penang - minimum property prices
There are two Penangs. The Google one and the real one :rofl:
|
Re: Penang - minimum property prices
Originally Posted by SushiFan
(Post 12308319)
If you had bought it some 5 years ago and be able to sell it now you would have made quite a nice profit.
|
Re: Penang - minimum property prices
Originally Posted by bakedbean
(Post 12308571)
Langkawi good for beaches. I believe east coast of peninsula also good for beaches.
|
Re: Penang - minimum property prices
We have some nice beaches here in Sabah (that's if they have sorted out the sewerage problem!) and some nice properties including new condos - About | Spinnaker SOVO Suite @ Likas Bay, Kota Kinabalu, Sabah, Malaysia. but they are expensive. The banks are not lending in Sabah too so it is holding back some prices. Developers are required or encouraged to build affordable housing for locals as well as pushing hard for the ex-pat market. https://www.propertyhunter.com.my/ne...sidential-term This our neighbour and the guy who developed our estate. Property Hunter is worth a read
|
Re: Penang - minimum property prices
Originally Posted by stepen
(Post 12308675)
But the ringgit has depreciated a lot, so is there in fact a big different from buying today vs buying 5 years ago (if you have USD)?
|
Re: Penang - minimum property prices
Originally Posted by stepen
(Post 12308675)
But the ringgit has depreciated a lot, so is there in fact a big different from buying today vs buying 5 years ago (if you have USD)?
A little story.... I and my late husband bought and sold many a property in mainly UK then Singapore and always made a decent profit and sometimes a big profit. Then.... we bought a house in Thailand :( We got fed up with Thailand and sold up and made our first and last spectacular LOSS in Thai baht. However if we mentally (just in our heads) converted back to Sterling bought and sold, we made a small profit :thumbsup: So we just thought of it as that. Ended up buying in Penang with that dosh. So.... house = house = house. And does it matter? It probably does if you are young, or have definite intentions of moving elsewhere later. |
Re: Penang - minimum property prices
Originally Posted by SushiFan
(Post 12309184)
You are correct about this. Although this website is called British Expats, I prefer to look at the EUR/MYR exchange rate. It has changed from approx. 3.8 to 5.1 in the last five years. This will indeed take away a part of the profit.
|
Re: Penang - minimum property prices
Originally Posted by SushiFan
(Post 12309184)
You are correct about this. Although this website is called British Expats, I prefer to look at the EUR/MYR exchange rate. It has changed from approx. 3.8 to 5.1 in the last five years. This will indeed take away a part of the profit.
Actually the MYR was over 5,0 against the EUR already in 2004, 2005, 2008 and 2009. Since the big crisis in 2002 and 2003, the main thing was to buy the MYR when it goes to 5,0, live with it comfortable around 4,5 and sell it when it goes in direction of 4,0. Certainly, this will not last forever. Maybe we go in a new range now, because the Euro troubles finish and Malaysia faces new problems. |
Re: Penang - minimum property prices
Originally Posted by eCdD
(Post 12309292)
OK,you compare the lowest and highest point now.
I guess that most people don't really time their time of purchase to have a optimum exchange rate. The timing of their house purchase is most likely more based on when they need (or no longer need) a house. My guess is that only investors who want to flip houses to make profit time their buying/selling more precisely. |
Re: Penang - minimum property prices
Originally Posted by InVinoVeritas
(Post 12307371)
Remember the government levy was recently reduced from 3% to 1.5%
|
Re: Penang - minimum property prices
Originally Posted by Macsta
(Post 12308213)
As I have previously written the issue for me is that I feel the minimum price threshold "forces" (in a buying sense) me to buy potential something I have no need for. I don't need a 3 bed, 3 bathroom all singing and dancing place.
But that seems to be the market so when in Rome... |
All times are GMT. The time now is 12:32 pm. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.